Contents tagged with Maduro

  • For third time in 4 years Russia restructures Venezuela's loan

    The Russian State Duma at a meeting on Tuesday ratified a bill to restructure the loan issued to Venezuela.

    The third restructuring in the last 4 years will again delay the repayment of the debt principal, which at the beginning of this year was $3.4 billion.

    In the next three years, Venezuela will repay only interest on the loan - two tranches a year for 66.5 million dollars each, according to a document posted on the Duma’s website.

    Debt payments are postponed to 2023-26. During this …

  • Russia ready to help Maduro to investigate recent coup attempt

    Russia is ready to assist Venezuela in the investigation of the recent subversive invasion if it receives the appropriate request, said Russian Foreign Minister Sergey Lavrov at a press conference following the meeting of the CIS Council of Foreign Ministers, TASS reports.

    Lavrov noted that the special services of both countries are in constant contact.

    "If there is a request for assistance on the basis of the current agreements, of course, it will be considered," the Minister assured.

    In …

  • Putin discusses coronavirus and oil prices with Maduro

    Russian President Vladimir Putin has held telephone talks with Venezuelan President Nicolas Maduro, the Kremlin’s press service reported.

    The conversation took place at Maduro's initiative. He expressed gratitude to Putin for his help in combating the spread of coronavirus, as well as for the supply of test kits to Venezuela.

    In addition, the presidents discussed the agreement to reduce oil production, reached as part of the OPEC deal, and touched on the current aspects of further …

  • Russia: U.S. operation against drug trafficking from Venezuela will have negative consequences

    The decision of the United States to launch a military operation to cut off drug supplies in Latin America poses a threat of negative consequences, said Russian Foreign Ministry spokeswoman Maria Zakharova, as cited by RIA Novosti.

    "Washington's decision to launch a military operation to cut off drug supplies in Latin America, which is accompanied by increased military activity around Venezuela, will lead to extremely unpredictable and negative consequences, taking into account the current …

  • Russia establishes a new oil company on the day of Rosneft's departure from Venezuela

    On March 28, when it became known that Russian oil giant Rosneft was terminating its operations in Venezuela, Russia’s Federal Agency for State Property Management, Rosimushchestvo, has established a new company, Roszarubezhneft, which will, in particular, be engaged in the production and transportation of oil and oil associated gas.

    Interfax reports with reference to Russian Single Register of Legal Entities that the company's share capital is 322.7 billion rubles ($4.05 billion USD). It is …

  • Maduro: Russia to send second shipment of medical equipment to Venezuela

    In the coming days, a second flight with medical equipment to fight coronavirus will arrive in Venezuela from Russia, President Nicolas Maduro said in a speech published on the TV channel VTV.

    "In the coming days, at the request of President Putin, a Russian military plane with all the equipment will arrive," Maduro said. According to him, three flights, including one from Russia, have already arrived in the country this week.

    Earlier, Russia sent to Italy 14 Il-76 aircraft with medical …

  • Venezuela offers to give Russian oil giant Rosneft control over PDVSA

    The Venezuelan government is considering handing over complete control of the state-owned oil company Petróleos de Venezuela S.A. (PDVSA) to the Russian oil corporation Rosneft, the Venezuelan newspaper El Nacional reported, citing sources in the country’s energy sector.

    According to the news outlet, the Venezuelan government proposed this initiative in exchange for writing off the country’s debt to Russia. Moscow apparently viewed the initiative positively, because it sent several commissions …

  • Venezuela pays off Russian debts using rubles instead of dollars

    Venezuela has made an interest payment on a $3.15 billion loan from Russia using Russian rubles. “We provide such a right and such an opportunity to all our debtors. It’s their choice,” Russian Deputy Finance Minister Sergey Storchak told RBC. The Russian Finance Ministry had already announced previously that Venezuela had made another tranche to service its debt, but without providing any specifics.

    After the US imposed sanctions on the Venezuelan government, it became virtually impossible …

  • Russian military experts arrive in Venezuela

    A group of Russian military experts arrived in the capital of Venezuela, Caracas, reports Interfax. Military experts flew to Venezuela for planned maintenance and repair of military equipment that was delivered earlier as part of military-technical cooperation of the two countries.

    Earlier, Flightradar24 air traffic monitoring service reported that Russian Il-62M aircraft landed in Caracas. According to these reports, Antonov An-124 Ruslan aircraft also arrived in Venezuela. Both planes …

  • Putin promises Maduro support and assistance

    Russian President Vladimir Putin assured his Venezuelan counterpart Nicolas Maduro of Moscow’s full support in the struggle for power in Venezuela, and promised him continued assistance.

    “Russia consistently supports all of Venezuela’s legitimate organs of government, including the institution of the president and parliament,” Putin said during the meeting with Maduro in Moscow, as cited by Deutsche Welle. He also expressed his support for dialog between Maduro and Venezuelan opposition leader …